Recent Trend Review of #ETH

From the 4-hour candlestick chart, after ETH price surged to 4957.67, a significant decline occurred, with the latest price at 4367.61, showing a notable drop from the previous high, with a daily decrease of 2.98%.

In terms of technical indicators, the MACD indicator shows DIF at -56.01, DEA at -34.42, and MACD value at -21.60, indicating a dead cross state with continuous green bars, demonstrating that short-term bearish strength is dominant. In the EMA moving average system, EMA (7), EMA (25), and EMA (99) are all showing a downward divergence, further confirming the short-term downtrend.

However, from the performance of longer cycles, there is a 72.30% increase over 90 days, a 95.94% increase over 180 days, and a 69.65% increase over 1 year, indicating good medium to long-term growth. The short-term adjustment may be a digestion of previous gains, and attention should be paid to whether the price can stabilize at key support levels (such as near 4264.29), as well as changes in trading volume and other indicators, to determine whether a trend reversal may occur.

Brothers of #MUA , while playing with mainstream, pay more attention to the super big golden dog myth MUA in the primary market that is hatching, everyone can see the chart and how similar it is to Ethereum!! 🔥🔥🔥